Mihail Stefanov @mihen1: "Reflections on the Theme of..."

Bulgaria

Reflections on the Theme of Investment Strategy The following lines are intended for those who currently copy my strategy or plan to do so in the future. Volatility will likely accompany us in the near future, and with it usually come emotions. To ensure that our partnership runs as smoothly as possible—and that you feel confident about your money—I will continue providing detailed updates on my expectations and the actions I plan to take under different scenarios. As I recently shared, my base-case scenario for $GOLD is a period of consolidation around the 4,000 level for several months, which should create opportunities for a few solid swing trades executed through $NUGT (Direxion Daily Gold Miners Index Bull 2X Shares) So far, I’ve managed to open and close four positions totaling 15% of the portfolio, with an average profit of 12.5%. In other words, I have locked in gains of about 2% on the entire portfolio. If everything continues according to plan, in the coming days we should see a decline in gold prices of at least $300–$400, which would allow me to reopen NUGT positions at levels around or below 130. If we move below 120, I will begin gradually increasing the position sizes. Meanwhile, I will continue to gradually increase exposure to $NATGAS and $OIL where I expect strong returns over the next few years. I am still holding a substantial amount of cash—over 30%—precisely because I expect a number of attractive opportunities to emerge ahead. Finally, I want to remind you that despite the several medium-term trades currently available, this portfolio is structured for the long term and is not suitable for those with low tolerance for volatility or for anyone seeking quick gains. $GLD (SPDR Gold) $XOP (SPDR S&P Oil & Gas Exploration & Production ETF) $XLE (State Street Energy Select Sector SPDR ETF) $SILVER